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The East India Company Video Lecture | Social Studies (SST) Class 8

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FAQs on The East India Company Video Lecture - Social Studies (SST) Class 8

1. What was the primary purpose of the East India Company when it was established?
Ans. The primary purpose of the East India Company, established in 1600, was to promote trade between England and the East Indies, focusing mainly on the lucrative spice trade. Over time, its activities expanded to include trading in textiles, tea, and other goods.
2. How did the East India Company influence British colonial rule in India?
Ans. The East India Company played a crucial role in establishing British colonial rule in India. By gaining control over trade routes and forming alliances with local rulers, the Company gradually expanded its territorial influence, leading to the establishment of direct British governance following the Indian Rebellion of 1857.
3. What were the main goods traded by the East India Company?
Ans. The East India Company primarily traded in spices, silk, cotton, tea, and opium. These goods were highly sought after in Europe, and the Company's trade activities significantly impacted global commerce.
4. What led to the dissolution of the East India Company?
Ans. The East India Company was dissolved in 1874 due to various factors, including the Indian Rebellion of 1857, which revealed the Company's inability to manage its territories effectively. Following the rebellion, the British government took direct control of India, leading to the Company's gradual decline.
5. How did the East India Company's policies affect the Indian economy?
Ans. The East India Company's policies had a profound negative impact on the Indian economy. The focus on cash crops for export disrupted traditional agriculture, leading to food shortages and famines. Additionally, the Company's monopolistic practices hindered local industries, resulting in economic decline for many Indian artisans and manufacturers.
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